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The Good, The Bad, & The Ugly – Week of 3/18/2013

SAC Capital will pay record fine of $616 Million for insider trading with more possible charges to come. Could very well filed under bad since, they don’t have to admit wrongdoing. Peter Lattman at The New York Times March 15, 2013

Bad

Regulators agree with four biggest banks that they need not conduct shareholder votes on over whether or not they are too big. David Henry at Reuters March 22, 2013

Ugly

Wow. Less than a week after Carl Levin delivers a scathing report on the “London Whale” derivative trades, the House Agriculture Committee holds a mark-up session on new bills that would gut the few Dodd-Frank regulations regarding derivatives. (And, yes, the Agriculture Committee has the jurisdiction) David Dayen at Salon March 20, 2013.